IBT Staff Reporter

Hedge fund founder Raj Rajaratnam's trial defense on Tuesday tried to deflect prosecution evidence that he traded on inside information about Wall Street's most influential bank, Goldman Sachs Group Inc, at the height of the 2008 financial crisis.

The G20 hopes to make progress on developing guidelines to identify economic imbalances this week and will soon be able to list countries with the biggest problems, a senior U.S. Treasury official on Tuesday.

Tenet Healthcare Corp shares retained a takeover premium on Tuesday, a day after it lobbed a legal grenade at unwanted suitor Community Health Systems , suggesting that investors still believe a deal between the two rivals could happen.

The March 11 Japan earthquake and tsunami are likely to have caused up to $34 billion in losses for the global insurance industry, catastrophe modeling company RMS said on Tuesday.

Hedge fund founder Raj Rajaratnam's trial defense on Tuesday tried to deflect prosecution evidence that he traded on inside information about Wall Street's most influential bank, Goldman Sachs Group Inc, at the height of the 2008 financial crisis.

The world's biggest economies will struggle this week to make headway on a plan to identify countries that put the global economy at risk with China opposed to any attempt to curb its growth.

If you are woman, you want a new style every day. While you may not able to change your style every day, at least you may want to follow a trend in fashion.It’s especially important to have the right shoes to match with your wardrobe. Although we may have a few pairs we like, we want more. However we can’t buy them all.

IPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil, a move that could help Apple Inc and other tech companies expand in the world's eighth largest economy.

Senators John Kerry and John McCain introduced a tough new privacy bill on Tuesday that would require companies to notify consumers in clear language when their data is being collected and oblige them to keep that information safe from hackers.

Big banks like Bank of America Corp and Citigroup Inc should be reclassified as government-sponsored entities and have their activities restricted, a senior Fed official said on Tuesday.

A memo written sixty years ago has created a minor storm as some take it as proof that the government is covering up the existence of aliens. To some, it's more interesting in the way it shows why people believe things.

The Huffington Post unfairly pocketed more than $100 million from its unpaid bloggers when AOL Inc bought the influential news website in February, according to a lawsuit filed on Tuesday.

Oil fell more than $3 on Tuesday as Goldman Sachs warned again of a price reversal and key forecasters said expensive crude could erode demand.

General Motors Co said on Tuesday it will invest $100 million in a New York parts plant that the company and union officials say was kept from closing because workers there agreed to second-tier wage levels designed to keep U.S. automakers competitive.

Intel plans to open a new research and development site in Finland, starting with some 200 staff at a time when Finnish partner Nokia is to unveil large job cuts. A spokeswoman for the world's top semiconductor firm said the company has started hiring hardware and software engineers, but was yet to open the site.

The investor spotlight will land squarely on new Google Inc Chief Executive Larry Page, overshadowing decent, but uninspiring first-quarter financial results when the company reports its earnings on Thursday.

Senators John McCain and John Kerry introduce a privacy bill that got mixed reactions from consumer watchdogs and major tech companies.

U.S. imports and exports fell in February, prompting analysts to cut again their forecasts for U.S. economic growth in early 2011 and showing signs of a slowing in the global recovery.

Barcelona and Manchester United advanced to the semi finals of the UEFA Champions League after victories against Shakhtar Donetsk and Chelsea respectively.

Solar Impulse is an European long-range solar powered plane project being undertaken at the École Polytechnique Fédérale de Lausanne. The project eventually hopes to succeed in the first circling of the earth with a piloted fixed-wing aircraft using only solar power. The project is promoted by Bertrand Piccard, who co-piloted the first balloon to circle the world non-stop.

Lionel Messi's 48th goal of the season saw Barcelona beat Shakhtar Donetsk by an aggregate of 6-1 in Ukraine.

Senators John Kerry and John McCain introduced a tough new privacy bill on Tuesday that would require companies to notify consumers in clear language when their data is being collected, and oblige them to keep that information safe from hackers

U.S. stocks dropped on Tuesday on worries falling oil prices could set off a reversal in the high-flying energy sector, while Alcoa's leaner-than-expected revenue disappointed.

Actress Tori Spelling and her husband Dean McDermott are selling their Encino, CA home for $3.199 million.

Speaking at its Mix Developer Conferences in Las Vegas today, Microsoft gave a sneak peak into the future of Internet Explorer.

A businessman from upstate New York claims he owns 50 percent of Facebook -- and that Mark Zuckerberg defrauded him.

The man in charge of Canada's largest chain of newspapers, Paul Godfrey, is reshaping his titles for the digital age in a cost-cutting drive that will bring extensive retraining and more job cuts.

IntercontinentalExchange Inc and Nasdaq OMX have no reason to boost their takeover bid for the New York Stock Exchange parent company because their joint offer is already superior, ICE's chief executive said on Tuesday.

Germany's BASF SE has no plans to buy global biotech seed company Monsanto Co , sources with knowledge of the situation said on Tuesday.